Morocco Update-QUADRISE PLC

Morocco Update-QUADRISE PLC

Morocco Update

Quadrise Plc (AIM:QED), the supplier of innovative energy solutions for a cleaner planet, provides an update on its fuel trial in Morocco.

The industrial demonstration test commenced as planned this week in accordance with the client's production schedule. Quadrise personnel at the client site confirmed the MSAR® and bioMSAR™ fuel quality and fully commissioned the Company's pumping and heating unit ("PHU") at load.

Cold start-up of the client's combustion unit was carried out and the initial unit warm-up sequence was tested using MSAR® fuel. Unfortunately, whilst running at 100% a mechanical component in the PHU failed progressively, reducing the available unit load achievable from the Quadrise burner, and we were unable to complete the testing during May as originally planned. The parties agreed to pause the trial so that the client could complete their scheduled production run, and the respective Quadrise part could be replaced.

The replacement mechanical item concerned has been procured in the UK by Quadrise and will be sent to the client in Morocco as soon as possible. This will enable Quadrise to finalise optimisation of combustion at full load when the trial resumes.

Commenting on the update, Jason Miles, Chief Executive Officer of Quadrise, said:

"We are obviously disappointed not to have completed the trial during May due to an unexpected mechanical issue in our PHU.  However, a replacement part has been purchased and expedited so that we can restart the operational production test at the next opportunity.

On behalf of the Quadrise team on site, we would like to thank our client in Morocco for their valuable and collaborative support during testing to date, and we look forward to returning and completing the test fully during the next production run with their team."

Major contract win

Zinc Media Group plc (AIM: ZIN), the award-winning television, brand and audio production group, is pleased to announce that it is partnering with Idris Elba's Green Door Pictures and Sabrina Elba's Pink Towel to make PAID IN FULL: The Battle for Payback (working title) for public broadcasters CBC (Canadian Broadcasting Corporation) and the BBC. 

This multi-million-pound international co-production series is commissioned by CBC and the BBC, and funded and co-produced by a partnership between Abacus Media Rights (AMR) and Media Musketeers Studios, with AMR distributing internationally. The new series, produced in association with Catalyst, examines the systematic exploitation of black artists by the music industry and explores what it would look like for black artists to receive sonic reparations. It documents the extent of the historic injustice suffered by the music industry's black artists, including the disparity of profits received by them, despite having created the records that have driven the fabric and culture of popular music.

Mark Browning, Chief Executive Officer, Zinc Media Group, says:

"We are extremely proud of our team's hard work and dedication in securing this significant contract win, and that Idris and Sabrina are Executive Producers. It underlines Zinc's global reputation for premium feature documentaries and our commitment to highlighting real-world issues, including those faced by black artists in the music industry today. We believe that our programmes such as this make a positive impact on society. It is another material contract that helps underpin our full year revenue projections."

Idris  Elba, CEO, Green Door adds: "This is a story that touches all of us. It's about the people who created the soundtracks of our lives in popular music and the pain of their exploitation. It's also about bringing the music industry to account for the injustice inflicted on generations of musical talents who have been deprived of their rightful rewards both financially and in terms of status and respect. At the heart of it is the need to make amends - granting acknowledgement and paying back what is due."

No Comments

Post a Comment